Is it a must for an entrepreneur to accept failure?

[btaliat]

The reward for entrepreneurs as a factor of production is profit or loss. So a serious entrepreneur should not be expecting profit every time. Admit failure when you fail and prevent it

 

[nimzy]

it is definitely most for every entrepreneur because every business possesses the characteristics of success and then failure.

 

[Hopey]

Failure is an important tool in business. A business owner who has not been tutored to handle failure will not last in business he will be too careful to take risk

 

[Sariana23]

Failure is part of experience in a business as a entrepreneur you must learn from your mistake in order to succeed, because learning from your mistake will help you to know how to plan for your business very well so is very important to learn your failure.

Your publication is right, failure is an experience that after learning from mistakes, what comes next is success. It is a teaching and an apprenticeship when you succumb to failure, the important thing is to get up and continue.

 

[Shigobad2020]

Acknowledging that he/she has failed gives him the motivation to examine the reasons for his failure, work on those reasons and then finally succeed. Failure does not mean defeat, it only when they entrepreneur has resigned never to try again, then he/she has been defeated.

Accepting failure by and enterpreneur is normal to accept defeat when he has tried all his or her best to stop the business from running down, accepting defeat is part of a lesson for the entrepreneur.

 

[Felixko]

No, it is not a must. Failure is option. Failure is often viewed as an ending, but that doesn’t have to be the case. For most entrepreneurs and their businesses, failure is just the beginning. If you find your business failing, it’s time to pivot and find a solution to the problem. Just know that failure is an option.

 

[Sheyemanu]

Concerning your question on if an entrepreneur should accept failure as part of business, I would say yes, definitely he or she should as failure is a part of life itself and the earlier we know this and accept it, the better things would be

 

[Bigabigs]

If an entrepreneur does not accept failure at any point in time in the course of running his business, then he may never ever be able to rise above his pride. Because that will never bring success

 

[GIFTMICHAEL]

No, it is not a must. Failure is option. Failure is often viewed as an ending, but that doesn’t have to be the case. For most entrepreneurs and their businesses, failure is just the beginning. If you find your business failing, it’s time to pivot and find a solution to the problem. Just know that failure is an option.

Failure is inevitable when it comes to any venture on earth. For one hoping to succeed in any business endeavour he or she should be ready to endure the trying times and be strong to continue. Only the determined, hard working and visionary business owners achieve success.

 

[Ayokex]

Accepting failure as an entrepreneur has it's meaning. It's not to just concede and be down because of failure but to agree that what has happened has happened and next thing is to buckle up again and start afresh.

 

[Holluwaphemmy]

It is not as if failure is a normal procedure if you want to make it. Failure is just there to tell you that you need to do more. You don't have to accept defeat as an entrepreneur

 

[Setfragil]

Accepting failure is not really the problem but having the will to stand up and keep moving forward. That is a quality I think every entrepreneur should have.

Before you start to find solution to something you must first accept that you failed. You must accept that there is a business failure before you start to look for solution to amend the situation. Not accepting failure, there won't be need for sourcing for it solution.

 

[Richard92]

Success and failure goes hand on hand in life.. every successful person has a bitter story in his past where he encountered by failure .failure is a part of business.so for a entrepreneur, it's necessary to accept failure

it is not a must to accept failure because failure is bad but when failure comes he should not be left to bring your business down instead it should be a form of encouragement.

 

[Chibson]

Well there are lots of failed enterprenuers. As an enterprenuer you are expected to see failure as a learning process and also be able to push yourself to succeed. An enterprenuer should make a lot of research about the line of business he's into.

 

[Spicywilfred]

One thing is to accept failure another thing is to learn from the mistakes of your failure. Entrepreneurs who do not accept failure will find it difficult to move on to the next level, but if you accept that you failed you could actually learn from those mistakes by making sure that it does not repeat itself again it should be a way to motivate yourself rather than limiting you.

 

[Bookwormlux]

Failure itself is a reality and whether or not you accept it does not change anything. Accepting failure would make it easy for you to learn your lessons and move on.

 

[Chibson]

Entrepreneurship is not something you will build in a day, you need to be ready for the good and the bad because it is a process. Entrepreneurs should learn from their failures and make corrections.

 

[tyrim88]

Part of what a business owner will experience in business is the situation and point where he takes some decision and it did'nt work out and the best thing for him to do is to accept the outcome.The most important thing is that he shoul'nt repeat such mistake again,and he grows from there,to know what does'nt work.

 

[Billy]

I would say the right word is to embrace failure. Once you embrace it, you will always try to learn from your past mistake and make better future decision. Mistakes are there to help us learn.

 

[Chibson]

Failure makes people to be experienced in life and in the business world. It is normal to fail and at the same time you need to learn from your failure and be successful.